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by wpietri
3086 days ago
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Do you have a reference for that? I have never heard of a company that wasn't some specific legal vehicle. Wikipedia defines it specifically as a legal entity. It's not clear to me what a "business organization" means if it's not defined under law, in that it would otherwise seem to be a bunch of individuals coordinating their activities, not a formal entity in its own right. |
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Google's dictionary in search defines it as “a commercial business”, dictionary.com defines it as “a number of persons united or incorporated for joint action, especially for business”;
Wiktionary has both a business definition “Any business, whether incorporated or not, that manufactures or sells products (also known as goods), or provides services as a commercial venture” and a law definition “An entity having legal personality, and thus able to own property and to sue and be sued in its own name; a corporation.”
FindLaw’s law dictionary gives “an association of persons for carrying on a commercial or industrial enterprise”
> It's not clear to me what a "business organization" means if it's not defined under law
It's a vague, broad category; the law mostly concerns itself with more specific categories.